Question

Find the time if the interest of $1500 at 5% p.a is $150

Please help me, thanks

Answer 1

Answer:

2years

Step-by-step explanation:

S.I = $150

Rate = 5% p.a

Principle = $1500

SO,

S.I = P×R×T

100

150 = 1500 × 5 × T

100

T = 150

75

T = 2 years

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